25 December 2010
is a consignee who purchase goods on f form sold goods on consignment take receive sales tax from customer when he sold goods on consignment
17 April 2011
Your Query is First of All very Old , Moreover, Not Clear!! Whether You are Selling Goods to End User or another Consignment Agent this is the Ambiguity First Clear the Matter. Then Only I Could Answer.. You can not Further Transfer The Material to Another C&F Agent. You can Always sell it to User.Prepare Consignment A/c (Sale-Patti) as a Pakka-Arhatiya and Send to Employer on Monthly Interval(Generally). Collect the VAT/Local Sales Tax Charged to Customers on your Bills and Pay it to Your Territory's Treasury as Commercial Tax of C&F Agent's State(Not The Employer's State)
CAclubindia
